GI Joe Sequel Being Developed

GI Joe: The Rise of Cobra earned an estimated $100 million worldwide despite mostly negative buzz and reviews (39% on Rotten Tomatoes). The film surpassed studio expectations domestically, earning $56.2 million stateside. All of this can mean only one thing – a sequel is already in development. Paramount Picture’s vice chairman, Rob Moore, confirmed to the Los Angeles Times that a sequel “will soon go into development.” According to the report, all of the movie’s lead actors are “contractually obligated to return for another film,” though director Stephen Sommers is not. [/film]